Murrey math lines and forecasts

Murrey Math Levels is one of the classic approaches to currency market analysis, which is successfully applied to everyday trading processes. Murrey math lines can be used for understanding both short- and long-term outlooks. As a rule, a strategy that involves Murrey math lines includes other types of technical analysis.

Murrey math lines are based on the approach and observation of William Gann, also used for forecasting, but Murrey was able to adapt this system, making it understandable for investors. The Murrey math levels approach is to track the 8 major lines (price levels) that together make up the "Murrey math lines" indicator. Despite the fact that the method of analysis and forecasting according to Murrey math lines is quite complex, experts consider it unique and capable of performing in combination with others. On this page, you will find Murrey math lines analytics from RoboForex experts.

05.12.2013

Murray Math Lines 05.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is being corrected; bears are supported by Super Trends. Considering that price is already moving below the 3/8 level, it may continue falling down towards the 0/8 one.
04.12.2013

Murray Math Lines 04.12.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar was able to stay below the 3/8 level, which means that it may continue falling down. Yesterday, price “touched” stop on my sell order, so I had to open one more. Target is still at the 0/8 level.
03.12.2013

Murray Math Lines 03.12.2013 (AUD/USD, EUR/JPY, SILVER)

Bears turned out to be strong enough to start new descending movement. Price is already moving below H4 Super Trend and it looks like sellers are going towards the 0/8 level. I’m planning to increase my short position as pair is moving towards minimums.
02.12.2013

Murray Math Lines 02.12.2013 (AUD/USD, EUR/JPY, SILVER)

During correction, Australian Dollar “touched” my stop on sell order. Considering that current ascending movement is slowing down, I’ve decoded to open one more sell order. Target is still at the 0/8 level. If pair is able to stay below H4 Super Trend, bears will return to the market.
29.11.2013

Murray Math Lines 29.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar rebounded from H4 Super Trend and broke minimum. Considering that price is already moving below the 3/8 level, it may continue falling down towards the 0/8 one and later start new and deeper correction.
28.11.2013

Murray Math Lines 28.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar started new correction so I decided to close my sell order to decrease risks. Stop on my second order is near local maximum. If price isn’t able to stay above H4 Super Trend for a long time and breaks it downwards, market will start new descending movement towards the 0/8 level.
27.11.2013

Murray Math Lines 27.11.2013 (AUD/USD, EUR/JPY, SILVER)

Australian Dollar is still moving downwards; yesterday it broke minimum. During local correction, I opened another sell order and moved stops to local maximum. Main target is still at the 0/8 level.
26.11.2013

Murray Math Lines 26.11.2013 (AUD/USD, CAD/JPY, SILVER)

Australian Dollar is still being controlled by bears. Current ascending movement may be considered as correctional, so we can expect pair to start moving downwards again quite soon. If later price is able to stay below the 3/8 level, market will continue falling down towards the 0/8 one.